Supplementary Credit Card

Discussion in 'Loans & Mortgage Brokers' started by Bentley, 1st Dec, 2015.

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  1. Bentley

    Bentley Well-Known Member

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    Adelaide
    With regards to credit cards, would my credit rating or loan amount be reduced if I have a supplementary credit card? The main cardholder is my partner. The property and loan is only going to be in my name though. Thanks.
     
    Bentley, 1st Dec, 2015
    #1
  2. Propertunity

    Propertunity Well-Known Member

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    Your partner is totally responsible for the debt you may run up on their supplementary card. I can't see how that card would be recorded anywhere as your liability.
     
    Propertunity, 1st Dec, 2015
    #2
    Bentley likes this.
  3. Jamie Moore

    Jamie Moore MORTGAGE BROKER - AUSTRALIA WIDE Business Member

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    Agree with prop - it's their liability.

    Cheers

    Jamie
     
    Jamie Moore, 1st Dec, 2015
    #3
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  4. Bentley

    Bentley Well-Known Member

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    Adelaide
    Thanks guys.
     
    Bentley, 1st Dec, 2015
    #4
  5. Bran

    Bran Well-Known Member

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    My wife's credit card was stolen recently. We didn't realise for a month, but I've never reported it as they spend less than my wife.
     
    Bran, 1st Dec, 2015
    #5
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